indie Semiconductor, Inc. (NASDAQ:INDI) CFO Sells $340,800.00 in Stock

indie Semiconductor, Inc. (NASDAQ:INDI) CFO Thomas Schiller sold 60,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $5.68, for a total value of $340,800.00. Following the completion of the transaction, the chief financial officer now directly owns 1,039,583 shares of the company’s stock, valued at $5,904,831.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

indie Semiconductor Trading Down 3.2 %

Shares of indie Semiconductor stock opened at $5.82 on Thursday. The stock has a market capitalization of $1.07 billion, a P/E ratio of -6.94 and a beta of 1.21. indie Semiconductor, Inc. has a 52-week low of $4.67 and a 52-week high of $10.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.72 and a current ratio of 1.96. The stock’s 50-day simple moving average is $6.28 and its 200 day simple moving average is $6.68.

indie Semiconductor (NASDAQ:INDI) last posted its quarterly earnings results on Thursday, February 22nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.04. The company had revenue of $70.13 million for the quarter, compared to analyst estimates of $72.69 million. indie Semiconductor had a negative net margin of 52.46% and a negative return on equity of 15.84%. As a group, research analysts anticipate that indie Semiconductor, Inc. will post -0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

INDI has been the topic of several research analyst reports. KeyCorp cut their price objective on indie Semiconductor from $12.00 to $10.00 and set an “overweight” rating on the stock in a research report on Friday, February 23rd. Craig Hallum reduced their price target on shares of indie Semiconductor from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, February 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.50.

Institutional Investors Weigh In On indie Semiconductor

Several institutional investors have recently made changes to their positions in INDI. Commonwealth Equity Services LLC grew its position in shares of indie Semiconductor by 7.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 43,459 shares of the company’s stock valued at $274,000 after purchasing an additional 2,868 shares in the last quarter. Raymond James & Associates grew its position in indie Semiconductor by 213.0% during the third quarter. Raymond James & Associates now owns 101,197 shares of the company’s stock worth $638,000 after buying an additional 68,866 shares in the last quarter. Bank of New York Mellon Corp increased its stake in indie Semiconductor by 4.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 456,337 shares of the company’s stock worth $2,875,000 after acquiring an additional 18,235 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in indie Semiconductor by 16.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,781 shares of the company’s stock worth $156,000 after acquiring an additional 3,496 shares during the last quarter. Finally, Emerald Advisers LLC raised its holdings in shares of indie Semiconductor by 32.1% in the 3rd quarter. Emerald Advisers LLC now owns 2,768,582 shares of the company’s stock valued at $17,442,000 after acquiring an additional 672,284 shares in the last quarter. Hedge funds and other institutional investors own 67.73% of the company’s stock.

About indie Semiconductor

indie Semiconductor, Inc provides automotive semiconductors and software solutions for advanced driver assistance systems, autonomous vehicle, in-cabin, connected car, and electrification applications in the United States, South America, rest of North America, Greater China, South Korea, rest of the Asia Pacific, and Europe.